NiSource, Inc $NI Stock Position Reduced by Intech Investment Management LLC

Intech Investment Management LLC trimmed its stake in shares of NiSource, Inc (NYSE:NI) by 19.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,549 shares of the utilities provider’s stock after selling 16,651 shares during the quarter. Intech Investment Management LLC’s holdings in NiSource were worth $2,863,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tower Bridge Advisors raised its position in shares of NiSource by 1.1% during the 3rd quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider’s stock worth $915,000 after purchasing an additional 232 shares during the period. Choreo LLC raised its position in shares of NiSource by 2.7% during the 4th quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock worth $369,000 after purchasing an additional 234 shares during the period. Advisory Services Network LLC raised its position in shares of NiSource by 1.6% during the 3rd quarter. Advisory Services Network LLC now owns 14,951 shares of the utilities provider’s stock worth $647,000 after purchasing an additional 234 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in shares of NiSource by 1.6% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock worth $637,000 after purchasing an additional 240 shares during the period. Finally, Prosperity Consulting Group LLC raised its position in shares of NiSource by 1.1% during the 3rd quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock worth $1,020,000 after purchasing an additional 246 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NI. BMO Capital Markets reiterated an “outperform” rating and set a $51.00 price target on shares of NiSource in a research report on Monday, April 20th. KeyCorp began coverage on NiSource in a research report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price target on the stock. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Barclays raised their target price on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Finally, Wells Fargo & Company raised their target price on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, NiSource currently has an average rating of “Moderate Buy” and a consensus target price of $50.33.

NiSource Stock Up 1.6%

NI opened at $45.82 on Wednesday. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $48.98. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. The stock has a market cap of $21.97 billion, a P/E ratio of 22.79, a P/E/G ratio of 3.60 and a beta of 0.54. The stock’s 50 day moving average price is $47.17 and its 200 day moving average price is $45.03.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, research analysts predict that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be given a dividend of $0.30 per share. The ex-dividend date is Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. NiSource’s dividend payout ratio (DPR) is 59.70%.

Insider Buying and Selling at NiSource

In other news, EVP Melanie B. Berman sold 15,000 shares of NiSource stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total transaction of $715,200.00. Following the transaction, the executive vice president directly owned 35,990 shares in the company, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Melody Birmingham sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $47.19, for a total value of $471,900.00. Following the sale, the executive vice president directly owned 117,899 shares of the company’s stock, valued at approximately $5,563,653.81. This represents a 7.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 27,500 shares of company stock worth $1,305,675. 0.37% of the stock is owned by insiders.

NiSource Profile

NiSource, Inc (NYSE: NI) is a publicly traded energy holding company headquartered in Merrillville, Indiana, that primarily owns and operates regulated local gas and electric utilities in the United States. Through its operating subsidiaries, the company delivers natural gas and electricity to residential, commercial and industrial customers and provides the associated distribution and transmission services that keep local energy systems functioning.

The company’s core activities include natural gas distribution, electric transmission and distribution, system operations, maintenance and emergency response.